Centre approves Rs 177 crore development project at Muthalapozhi harbour
ECONOMY & POLICY

Centre approves Rs 177 crore development project at Muthalapozhi harbour

The Centre has officially approved a comprehensive development project for the fishing harbour at Muthalapozhi, a coastal hamlet recently highlighted due to several fishing boat accidents. Located at Perumathura, where the Vamanapuram River and Kadinamkulam Lake meet the Arabian Sea, Muthalapozhi has become a perilous area for fishermen.

Union Minister of State for Fisheries and Animal Husbandry, George Kurian, announced the approval of the Rs 177 crore project on Sunday, based on a Detailed Project Report (DPR) submitted by the state government. The funding will be allocated on a 60:40 basis, with Rs 106.2 crore provided under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), while the state's share will be Rs 70.80 crore.

The harbour expansion will accommodate 415 mechanised fishing boats, enabling the import of 38,142 metric tonnes of fish annually. Approximately 10,000 people will benefit directly from the project, with an equal number benefiting indirectly.

Of the total budget, Rs 164 crore will be invested in various infrastructure initiatives, including modernizing internal roads, establishing new drainage systems, creating parking areas, and renovating loading zones. The remaining funds will support coastal protection initiatives and the implementation of a smart green port project. The state government will oversee the execution of this multi-crore harbour development.

Kurian also urged the state government to take all necessary precautions to prevent further accidents at Muthalapozhi. Additionally, the Centre has selected six fishing hamlets in Kerala for its Climate Resilient Village programme and plans to modernize five ports in the state.

The Centre has officially approved a comprehensive development project for the fishing harbour at Muthalapozhi, a coastal hamlet recently highlighted due to several fishing boat accidents. Located at Perumathura, where the Vamanapuram River and Kadinamkulam Lake meet the Arabian Sea, Muthalapozhi has become a perilous area for fishermen. Union Minister of State for Fisheries and Animal Husbandry, George Kurian, announced the approval of the Rs 177 crore project on Sunday, based on a Detailed Project Report (DPR) submitted by the state government. The funding will be allocated on a 60:40 basis, with Rs 106.2 crore provided under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), while the state's share will be Rs 70.80 crore. The harbour expansion will accommodate 415 mechanised fishing boats, enabling the import of 38,142 metric tonnes of fish annually. Approximately 10,000 people will benefit directly from the project, with an equal number benefiting indirectly. Of the total budget, Rs 164 crore will be invested in various infrastructure initiatives, including modernizing internal roads, establishing new drainage systems, creating parking areas, and renovating loading zones. The remaining funds will support coastal protection initiatives and the implementation of a smart green port project. The state government will oversee the execution of this multi-crore harbour development. Kurian also urged the state government to take all necessary precautions to prevent further accidents at Muthalapozhi. Additionally, the Centre has selected six fishing hamlets in Kerala for its Climate Resilient Village programme and plans to modernize five ports in the state.

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?